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GOLD Weekly Volatility Analysis 5-9 Dec 2022 GOLD Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 2.11%, down from 2.17% last week according to GVZ data With this in mind, currently from ATR point of view we are located in the 0th percentile, while according to GVZ, we are on 14th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 1.6% movement Bearish: 1.81% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 22.3% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 1836 BOT: 1760 Taking into consideration the previous weekly high/low, currently for this candle there is : 70% probability we are going to touch previous high of 1805(already done) 30% probability we are going to touch previous low of 1740 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates 50% BULLISH trend Daily timeframe indicates 80% BULLISH trend 4H timeframe indicates 66.3% BULLISH trend
TVC:GOLD
by exlux
GOLD: BIG PICTURE & LONG TERM ANALYSISLet's look at the weekly chart for GOLD. For that it's important to analyse all technical aspects and keep an open mind. Long term investors will see 2 major patterns here: 1. a major kind of rising wedge (red lines): price is evolving between the 2 red lines since 2008, forming a rising wedge when you connect the highs and lows. What does it mean from a technical point of view? Although the price is in an up-trend, a rising wedge is generally a bearish signal as it indicates a possible reversal during this up-trend. Rising wedges indicate the likelihood of falling prices after a breakout through the lower trend line. As every technical pattern, it does not mean it will materialise, but at least it gives you clear levels of supports and resistances. Even if this bearish pattern materialises, the wedge can extend until 2030, so Gold can rise way more before falling. 2. a massive cup and handle: A cup and handle price pattern is a technical indicator that resembles a cup with a handle. As you can see on the chart, the cup formed from 2011 to 2020, while the handle has been forming since 2020 until now. A cup and handle is considered a bullish signal extending an uptrend. After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward. This is exactly what we are seeing now (blue dotted lines). The blue dotted lines are giving you short term supports and resistances levels. Use these to trade GOLD on a shorter time frame. The handle represents the final pullback before the big breakout and can retrace up to 1/3 of the cup's advance. Sometimes it can retrace up to 1/2 but not more. I have added the Fibonacci retracements on the chart, Gold has retraced 0.382, which is ideal for a bounce. The target of a cup and handle is the height of the cup added to the breakout point (the neckline) of the handle. The neckline is the upper red line of the rising wedge. If we project the height of the cup we get a target zone between $3400 and $3500. We could see Gold consolidating a bit more within the blue dotted line channel. As long as we do not fall below the max retracement zone and lower red line, the formation is bullish long term. A break upwards of the blue dotted line channel would trigger a long trade to the red line. A break of the upper red line would confirm the cup and handle pattern. A break of the lower red line won't be good at all for bulls. Note that the above analysis is purely based on technicals and do not take into consideration fundamentals.
TVC:GOLDLong
by Elpidaldo
Gold (XAUUSD): Important Resistance Ahead 🟡 Hey traders, Bullish run on Gold continues. This week was very bullish again. Ahead, I see a significant structure. 1790 - 1810 is a weekly supply area from where I will expect a pullback. Next week, monitor the reaction of the price to the underlined zone on lower time frames and wait for a confirmation to sell. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
20
TRADE OF THE WEEK | Gold Trading 💰 Hey guys, We have spotted earlier a very important horizontal daily demand cluster. We discussed that probabilities would be high that the price would bounce from that. Seeking for a confirmation, we spotted a double bottom formation on 4H. A long position was opened on a retest. Then, a strong bullish movement initiated. Great winner and perfect trade. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
4
Gold Target 1 approaching and already excited about T2 $1958Gold is showing strong upside to come... We did the analysis of the W Formation on 21 November 2022 and it looks like our Target 1 will hit soon. While the analysis has been shaping nicely, another CUp and Handle formation has formed on a larger scale. This time the second target will be at $1,958. INvestors are feeling more confident with the precious metal compared to Global stocks, crypto and the US dollar. And what better way than to spend bonuses, spare money and investments on is Gold. The eternal Safe haven. I'm very happy about this as it's the most stable, safest place to be right now amongst the muck with the global economies. Bullish bullion here.
COMEX:GC1!Long
by Timonrosso
2
GOLD (XAUUSD): Your Trading Plan Explained🥇 On a today's live stream with my students, we discussed Gold. The market is currently approaching a key daily resistance. Analyzing a 4H time frame, I spotted a completed double top pattern. 1795 - 1797 is its neckline. Wait for its bearish breakout (4h candle close below), sell aggressively or on a retest then. Target will be 1786. Alternatively, if the price sets a new higher high on 4H, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
11
XAUUSD - daily bullish setupHello everyone! Gold seems to create another daily impulse on this uptrend, after retesting the EMAs and the previous resistance turned in support now. The price action is bullish on 4H and W as well, closing above the EMAs on all timeframes and retesting the previous resistance on 4H. Another confluence factor is the MACD indicator which also indicates a bullish move, so combining all the factors, we can expect the price to go up to at least 1801, which is the weekly resistance.
OANDA:XAUUSDLong
by m_maia14
XAUUSD possible next move!!! 30/11/2022I need to admit that my previous analysis was wrong. Here is why... Taking time factor into account, I would say that we are still in the "blue B". It could be the correction of abc x abc for the gold price as shown in the graph instead of abc and then directly begins with big blue C. The question is what is the safe price for opening short position? Personally, I will open my short positions again around 1760-1763 which is the previous high. My target is still the same which is 1722. Therefore, we will have higher RR with this strategy. *Don't forget to do RR and adjust your stop loss **Not a financial advice Best wishes, sillyFACE
FX:XAUUSDShort
by sillyFACEEE
20 Reason for sell GOLD 🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️ 1 ✨ Eagle eye : most significant time frame yearly base on yearly gold is in a bull trend but currently in a corrective phase 2 📆 Monthly : higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame 3 📅 Weekly : extremely bearish in weekly now in a corrective phase and also fill out extreme Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart 4 🕛 Daily : a bull trend but a strong resistance at weekly and daily ob after its price also gives us a country reversal with the lowest volume and a vital reversal sign 😇 7 Dimension analysi s 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: Counter trend with low volume 7: 3 Volume: dried no volume 8: 4 Momentum UNCONVENTIONAL Rsi: At a decision area around 60 9: 5 Volatility measure Bollinger bands : double top m pattern with a most substantial volatility divergence 10: 6 Strength ADX: Dmi cross over excepted for bears 11: 7 Sentiment ROC: equal ✔️ Entry Time Frame: H4 12: Entry TF Structure: Established bear 13: entry move : a considerable doji wait for an impulse move 14: Support resistance base : 1751.5 is a substantial support area waiting for break a support 15: FIB: nill ☑️ final comments: if the price break the 1751 area, we go with bear 16: 💡 decision: sell 17: 🚀 Entry: 1751.5 18: ✋ Stop losel: 1759 19: 🎯 Take profit: 1715 20: 😊 Risk to reward Ratio: 1:5 🕛 Excepted Duration :3 days
OANDA:XAUUSDShort
by Optimum369
9
XAUUSD next possible move!!! 29/11/2022The wave 2 of gold price retraced more than I expected which is at 0.786 fibonacci level of wave 1 in blue B --> blue C. However, I still stick to the same plan I told you guys, opening my short positions at 0.618 fibonacci level of wave 1 in blue B --> blue C. My stop loss is around 1759.XX and my target is still the same around 1722 which gives us approximately 6 RR. *Don't forget to do MM and also adjust your stop loss **Not a financial advice Best wishes, sillyFACE
FX:XAUUSDShort
by sillyFACEEE
Gold price remains above last weeks lows; further upside? Nov 29, 2022 Daily Insight Market Talk EUR/USD failed to hold yesterday’s high; traders may have moved into the USD in front of tomorrow's Euro area inflation data USD/JPY lower after Japan retail sales increase for the 8th month in a row Brent/WTI crude oil higher on positive supply/demand news; reports OPEC+ may cut output at its December meeting; brent finds support at $81 key, faces resistance near $87 Gold rises on bets that risk appetite improves; precious metals looking more bullish as the US dollar index trades near multi-week lows Euro Stoxx 50 seems to be maintaining upside momentum; increased volatility expected around tomorrows EU inflation data release Upcoming Key economic events Euro area inflation data due on Wednesday; ECB president Lagarde said yesterday that it's unlikely that EU inflation has peaked and that the ECB would hike interest rates as “long and as high as needed”. TODAY’S MARKET IDEA: Gold price remains above last weeks lows; further upside potential remains provided US dollar weakness prevails Technical conditions: Gold price (weekly chart) is above its 10 week moving average (bullish); the bullish outlook can be further supported by the fact that price has appeared to have found buyer support near the $1,730 area which intersects at the October 3rd and September 5th highs; the 40 week (200 day) moving average is spotted at $1,795 while short term resistance at $1,786 needs to be cleared in order to open up the prospects for a test of the key resistance at the August 10th high near the $1,808-10s. Not investment advice. Past performance is not indicative of future results.
SKILLING:XAUUSDLong
by Skilling
XAUUSD next possible move!!! 28/11/2022According to my previous analysis, the graph significantly shows that it is zigzag correction as expected due to the fact that wave "blue B" retraced only 0.618 of wave "blue A". Therefore, the next possible move of the gold price is the movement from wave "blue B" to wave "blue C". In my opinion, wave 1 in blue B --> blue C has already ended, so now we are waiting for wave 2 in blue B --> blue C. Personally, my target price to start opening my short positions is around the grey box area which is from 0.382 to 0.618 fibonacci level of wave 1 in blue B --> blue C. My target price is still the same as my previous analysis which is around 1722. *Don't forget to do MM and also adjust your stop loss!! **Not a financial advice Best wishes, sillyFACE
FX:XAUUSDShort
by sillyFACEEE